The sources said the CDS will be a four-star general and will be the first among equals among the service chiefs.
Earlier this week, the Centre announced that it would set aside Rs 500 crore to invest into start-ups working on defence products and solutions.
Singh was addressing a gathering at the Defence Research and Development Establishment (DRDE) in Gwalior.
Addressing the Commanders, Air Chief acknowledged the high degree of professionalism and hard work displayed by the air warriors of SWAC in achieving the assigned goals.
Former Defence Minister Manohar Parrikar had announced this project in October 2016. It was proposed to be set up at Honda village in Sattari taluka of North Goa.
During the celebrations, Minister of Defence Rajnath Singh handed over the MRSAM to the Indian Air Force (IAF).
Bharat Dynamics Limited (BDL) has made changes in the producers for producing defence equipment with the help of private industries under Make II procedure.
Delivering the Sardar Patel Memorial Lecture, Doval claimed that in the past four years, the country's 'national will' has been aroused.